Gaming group Embracer announced alongside today's year-end report that the group is proceeding with a further spin-off, this time involving Fellowship Entertainment, which is slated for a separate listing in 2027.
'At today's valuation, the stock is no obvious bargain. For us, Embracer will become more interesting as the Fellowship spin-off approaches. We remain neutral', Affärsvärlden wrote in a commentary on Wednesday. The publication views Fellowship as an attractive asset, while the remaining Embracer entity is expected to stay a rather messy and opaque mix.
Embracer has previously spun off Asmodee and Coffee Stain as independently listed companies.
Embracer Group AB, formerly THQ Nordic AB is a Sweden-based company engaged in the computer games development. The Company focuses on acquiring, developing and publishing personal computer (PC) and console games for Xbox and PlayStation platforms. The Company's game portfolio consists of owned franchises intellectual property (IP) and published titles, including Saints Row, Goat Simulator, Dead Island, Darksiders, Metro, MX vs ATV, Kingdoms of Amalur, TimeSplitters, Satisfactory and Wreckfest, among others. It offers games through various distribution channels, including digital platforms, such as Steam, PlayStation Store and Xbox Live, as well as gaming conventions, and global retailers, such as Walmart, GameStop and Amazon. The Company has around 18 internal game development studios and operates in more than 40 countries.
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